SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, D.C. 20549
                                     FORM 10-K/A

/X/ Annual report pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934

For the year ended December 31, 2002

/ / Transition report pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934

For the transition period from _______________ to ______________

Commission file number 333-84730

                  LEASE EQUITY APPRECIATION FUND I, L.P.
________________________________________________________________________
          (Exact name of registrant as specified in its charter)

        Delaware                               68-0492247
________________________________________________________________________
(State of Organization)             (I.R.S. Employer Identification No.)

   1845 Walnut Street, Suite 1000, Philadelphia, Pennsylvania  19103
________________________________________________________________________
      (Address of principal executive offices)      (Zip Code)

                                 (215) 574-1636
________________________________________________________________________
              (Registrant's telephone number, including area code)

Securities registered pursuant to Section 12 (b) of the Act:

                                            Name of Each Exchange
         Title of Each Class                 on Which Registered

               None                             Not applicable

Securities registered pursuant to Section 12 (g) of the Act:

                                 None

                            Title of Class
     Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Sections 13 or 15(d) of the Securities Exchange Act
of 1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.         Yes __X__ No____

There are no outstanding limited partnership units of the Registrant at
December 31, 2002.

There is no public market for these securities.

The index of Exhibits is located on page 6.


                     Documents Incorporated by Reference
                     ___________________________________

Except for the cover page on this Form 10-K/A, the registrant's Form 10-K
for the year ended September 2003 is hereby incorporated herein by this
reference in its entirety.




















































                                SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.


LEASE EQUITY APPRECIATION FUND I, L.P. (Registrant)
  By:  LEAF ASSET MANAGEMENT, INC., its general partner

  By:    /s/ Miles Herman                   Dated December 23, 2003
       _______________________
       Miles Herman, President



Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons, on behalf of the
registrant and in the capacities and on the date indicated:



      Signature                       Title                        Date


  /s/ Crit DeMent            Chairman of the Board           December 23, 2003
________________________      of Directors of
Crit DeMent                   LEAF Asset Management, Inc.



  /s/ Miles Herman           President and Director of       December 23, 2003
________________________      LEAF Asset Management, Inc.
Miles Herman                   (Principal Executive Officer)



  /s/ Freddie M. Kotek       Director of                     December 23, 2003
________________________      LEAF Asset Management, Inc.
Freddie M. Kotek



  /s/ George Krusen, Jr.     Chief Financial Officer and     December 23, 2003
________________________      Treasurer of LEAF Asset
George Krusen, Jr.            Management, Inc.
                              (Principal Financial Officer)